RBL Bank receives a GST demand order worth ₹104 crore for the financial year 2020-21 (FY21), according to reports.
Both outlets say the bank’s position is based on its assessment and on earlier favourable orders from GST authorities for the same issue in previous years—FY2018-19 (FY19) and FY2019-20 (FY20). The bank indicates that these earlier decisions provide grounds to contest the FY21 demand on merits.
The reporting focuses on the demand amount and the bank’s intent to challenge it, while the outlets do not provide further details on the underlying tax issue, the reasoning in the FY21 order, or the bank’s next legal steps. No outlet describes the GST department’s arguments beyond issuing the demand order.
